Thoma Bravo, a leading private equity investment firm, recently announced an agreement to acquire Magnet Forensics, a global leader in digital investigation technology, in a billion-dollar deal. This marks the largest Thoma Bravo purchase ever and the first billion-dollar investment in the cyber security industry.
The purchase of Magnet Forensics is set to bring digital forensics capabilities to the Thoma Bravo portfolio, as the security firm is dedicated to helping law enforcement, government, and businesses “securely navigate the digital universe.” In addition to technology, the deal includes Magnet Forensics’ deep experience in the cyber security and privacy space, incident response, computer forensics, and digital investigations.
Magnet Forensics’ cloud-based platform provides visibility and ease of use, enabling digital investigators to quickly and intuitively identify evidence and to easily analyze it in court, regardless of case size or complexity. The company’s products are designed to assist with incident response, digital forensics, and online investigations in addition to helping organizations meet security and privacy compliance and requirements.
The two companies are joining forces due to the increasing threats posed by the ongoing digital transformation, data explosion, and proliferation of mobile devices. The collaboration of two of the leading authorities in their respective spaces, e.g. Thoma Bravo in cyber security, and Magnet Forensics in digital forensics, stands to provide organizations with better ways of protecting against data breaches and cybercrime.
As stated by Chris Schoen, Managing Partner of Thoma Bravo, “We are thrilled to partner with Magnet Forensics as they have developed a market-leading digital investigation platform and have a clear focus on protecting businesses and individuals with technology and expertise,”
The acquisition of Magnet Forensics is in line with Thoma Bravo’s mission to identify, acquire , and manage technology companies whose products and services are essential to the execution of their customers’ strategies. This includes cloud security, threat detection, mobile forensics, enterprise security, cloud-based security, system security, and endpoint security.
The move is also in line with Thoma Bravo’s strategy of investing in the cyber security sector, as the private equity firm already has portfolio companies in the space such as Barracuda, DigiCert, Imperva, and SonicWall.
This Cyber News was published on www.securityweek.com. Publication date: Tue, 24 Jan 2023 03:31:02 +0000